Synopses & Reviews
Principles of Econometricsclearly shows why econometrics is necessary and provides you with the ability to utilize basic econometric tools. You'll learn how to apply these tools to estimation, inference, and forecasting in the context of real world economic problems. In order to make concepts more accessible, the authors offer lucid descriptions of techniques as well as appropriate applications to today's situations. Along the way, you'll find introductions to simple economic models and questions to enhance critical thinking.
Synopsis
This book explores econometrics using an intuitive approach that begins with an economic model. It emphasizes motivation, understanding, and implementation and shows readers how economic data are used with economic and statistical models as a basis for estimating key economic parameters, testing economic hypotheses and predicting economic outcomes.
Description
Includes bibliographical references (p. 386-388) and index.
About the Author
R. Carter Hill, Louisiana State University;
William Griffiths, Universityof New England; and
George Judge, University of California, Berkeley
Table of Contents
Chapter 1 An Introduction to Econometrics
Chapter 2 The Simple Linear Regression Model
Chapter 3 Interval Estimation and Hypothesis Testing
Chapter 4 Prediction, Goodness of Fit and Modeling Issues
Chapter 5 The Multiple Regression Model
Chapter 6 Further Inference in the Multiple Regression Model
Chapter 7 Nonlinear Relationships
Chapter 8 Heteroskedasticity
Chapter 9 Dynamic Models, Autocorrelation and Forecasting
Chapter 10 Random Regressors and Moment Based Estimation
Chapter 11 Simultaneous Equations Models
Chapter 12 Nonstationary Time Series Data and Cointegration
Chapter 13 Vector Error Correction and Vector Autoregressive Models: An Introduction to Macroeconometrics
Chapter 14 Time-Varying Volatility and ARCH Models: An Introduction to Financial Econometrics
Chapter 15 Panel Data Models
Chapter 16 Qualitative and Limited Dependent Variable Models
Chapter 17 Writing an Empirical Research Report, and Sources of Economic Data
Appendix A Review of Math Essentials
Appendix B Review of Probability Concepts
Appendix C Review of Statistical Inference
Appendix D Solutions to Selected Exercises
Appendix E Tables